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Qwest Verdict - Naccio Guilty on 19 of 42 charges

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abbeyco Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-19-07 05:47 PM
Original message
Qwest Verdict - Naccio Guilty on 19 of 42 charges
Potential jail of up to 10 yrs on each count plus up to 1 million fine on each count of insider trading.

Hopefully some justice for the millions who lost their entire retirement accounts.

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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-19-07 05:53 PM
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1. Good, but to the person who now gets nothing every month
it's a shallow victory
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abbeyco Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-19-07 05:56 PM
Response to Reply #1
2. Agreed
But I'd read where the fines will be used to pay back the victims. It will never make them whole and that's a shame.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-19-07 06:01 PM
Response to Reply #2
3. The people who got hurt should be first in line, but usually
they end up last..and after all the "court costs" and legal fees and government fines are addressed, the people who lost it all, end up with a check for $4.23 :(
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